Greenleaf Trust Has $274,000 Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Greenleaf Trust lessened its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 37.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,139 shares of the technology company’s stock after selling 1,875 shares during the quarter. Greenleaf Trust’s holdings in CoStar Group were worth $274,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after acquiring an additional 173 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CoStar Group during the fourth quarter worth about $37,000. CVA Family Office LLC acquired a new stake in CoStar Group in the 4th quarter valued at approximately $60,000. KB Financial Partners LLC lifted its stake in CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after acquiring an additional 124 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its position in CoStar Group by 230.2% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,522 shares of the technology company’s stock worth $117,000 after acquiring an additional 1,061 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 8.7 %

CSGP stock opened at $91.95 on Thursday. The business’s 50 day simple moving average is $89.40 and its 200 day simple moving average is $84.64. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The firm has a market capitalization of $37.55 billion, a PE ratio of 125.96, a PEG ratio of 9.73 and a beta of 0.84. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.97%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. As a group, research analysts anticipate that CoStar Group, Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of recent research reports. Stephens reiterated an “overweight” rating and issued a $105.00 price objective on shares of CoStar Group in a report on Wednesday. The Goldman Sachs Group lifted their price target on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Wednesday. Citigroup lifted their target price on CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada upped their target price on CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.